Burnham Holdings, Inc. · OTC:BURCA
Burnham — Shareholder Meeting (April 2023)
16 slides from Burnham's shareholder meeting presentation, Apr 24, 2023
Slide 1: 2023 Shareholders Meeting
2023 Shareholders Meeting Christopher Drew April 24, 2023 OTC: BURCA
Slide 2: Cautionary “Forward-Looking” Statements
Cautionary “Forward-Looking” Statements Statements in this presentation that are not historical are “forward-looking statements” and are subject to change. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially from those
Slide 3: Burnham Holdings Officers – April 2023
Burnham Holdings Officers– April 2023 Christopher Drew CEO/President Nick Melissa Bryan Paul Ribich Devitz O’Toole Spradling VP of Human VP of Business VP of VP/CFO Resources Development Operations
Slide 4: 2022 Financial Highlights
2022 Financial Highlights • Sales of $240.5 MM – an increase of 10.1% compared to 2021 o Residential products – increased by 6.2% o Commercial products – increased by 23.2% • Reported Net income of $5.07 MM and EPS of $1.10 per share • Reported gross profit of $45.7 million o Margin percentage of 19
Slide 5: 2023 Initiatives
\ BURNHAM HOLDINGS PERFORMANGC OGy FOE 2023 INITIATIVES
Slide 6: Strategic Growth Initiatives: Archer and Citadel boilers, GMA furnace
Strategic Growth Initiatives Archer cast iron boilers – New cast iron boiler brand – Targeted at customers of a competitor that exited market – Re-jacketed variations of existing products Citadel Commercial Condensing boilers – Targeted at wholesale distribution channel – Re-jacketed variation of ex
Slide 7: Strategic Growth Initiatives: Thermal InMotion rental boilers
Strategic Growth Initiatives Thermal InMotion rental boilers – Temporary turn-key mobile boiler rooms – Steam and Hot water boilers – Installation, start-up and removal – Multi year fleet build out
Slide 8: Strategic Growth Initiatives: Electric Hydronic Heating
Strategic Growth Initiatives Electric Hydronic Heating – Emerging consumer demand and emerging market for non-fossil fuel fired hydronic products – 2023 launch of a residential electric boiler – Introduction of a residential Monobloc Air to Water Heat Pump – For use stand alone or in conjunction wit
Slide 9: Reinvesting in the Business
PERFORMANGC d\ iY FOF \ BURNHAM HOLDINGS REINVESTING IN THE BUSINESS
Slide 10: Manufacturing Focus Areas
Manufacturing Focus Areas Factory Floor Supply Chain Productivity Enhancements Capacity Manning Growth Best in Manufacturing Class Safety, Foundry Footprint Quality and Improvement Production
Slide 11: 2022 Major Capital Projects
2022 Major Capital Projects § BURNHAM HOLDINGS 2eeb>boeees mer) |
Slide 12: 2023 Major Capital Projects
2023 Major Capital Projects Transforming our manufacturing capabilities to support future growth
Slide 13: Q1 2023 Results
\ BURNHAM HOLDINGS PERFORMANGC zO"*' Q1 2023 RESULTS
Slide 14: Q1 2023 Financial Highlights
Q1 2023 Financial Highlights • Sales of $59.5 MM – an increase of 13.5% compared to Q1 2022 • Reported Net income of $3.0 million and EPS of $0.64 per share o Gross profit of $14.0 million o Margin percentage of 23.5% vs. 15.9% in Q1 2022 • Debt of $41.0 million • Net cash used in operating activiti
Slide 15: Thank You
§ BURNHAM HOLDINGS Thank You I
Slide 16: 2023 Stockholders Meeting Questions
2023 Stockholders Meeting Questions April 24, 2023 OTC: BURCA